Software

Company Overview of Zoot Enterprises, Inc.

Company Overview

Zoot Enterprises, Inc. provides credit decision, loan origination, credit risk management, and customer acquisition software solutions to large financial institutions in the United States and internationally. It provides zInitiate, an account opening solution; zAcquire, an instant prescreen decisioning solution; risk and compliance solutions; data aggregation solutions; and line of business solutions. The company also offers MobilityPlus that allows consumers to capture a photo of their ID on their smartphone or tablet to assist in auto-filling significant portions of their application; and performs a search-match analysis to help to authenticate the consumer's identity, and determine whethe...

Zoot Enterprises, Inc. provides credit decision, loan origination, credit risk management, and customer acquisition software solutions to large financial institutions in the United States and internationally. It provides zInitiate, an account opening solution; zAcquire, an instant prescreen decisioning solution; risk and compliance solutions; data aggregation solutions; and line of business solutions. The company also offers MobilityPlus that allows consumers to capture a photo of their ID on their smartphone or tablet to assist in auto-filling significant portions of their application; and performs a search-match analysis to help to authenticate the consumer's identity, and determine whether the device in use may be associated with fraudulent activity. It provides decision engine, workflow engine, vendor integration, and application page framework services. The company also serves banks, credit unions, Internet aggregators, credit card merchants, auto dealers, insurance companies, and government agencies. Zoot Enterprises, Inc. was founded in 1990 and is headquartered in Bozeman, Montana.

Zoot Enterprises, Inc. Key Developments

Equifax Inc. has joined forces with Zoot Enterprises to launch MobilityPlus, solution that leverages Equifax data and Zoot decisioning technology to reportedly facilitate the mobile account opening process while helping to minimize fraud risk. MobilityPlus allows consumers to capture a photo of their ID on their smartphone or tablet to assist in auto-filling significant portions of their application, and in a matter of seconds, it performs a search-match analysis to help authenticate the consumer's identity, and determine whether the device in use may be associated with fraudulent activity. These processes pull in leading, knowledge-based identity questions and automated
OFAC screening. This can be used at the point-of-sale to generate new DDA openings, or to cross-sell more credit cards or consumer loan products.

G2 Web Services and Zoot Enterprises announced the integration of their merchant boarding capabilities at the 6th Annual G2 Merchant Risk Summit. The partnership enables Zoot to embed the G2 Compass Score into its full suite of merchant due diligence services. The G2 Compass Score provides a predictive risk score that helps financial institutions enhance the speed, efficiency and accuracy of their underwriting decisions and support better data-based merchant assessments. Zoot's zMerchant® onboarding and risk monitoring solution is designed to efficiently evaluate new merchant applications in real time for merchant acquirers, ISOs and others seeking to establish new merchant accounts. Additionally, the solution proactively monitors merchant transactions and applies automated risk triggers to signal potential problems. The G2 Compass Score adds a merchant risk assessment tool built on a decade of exclusive data, including compliance history, sale of illegal goods, previous account terminations, and more. The G2 Compass Score provides users real-time insights into a merchant's likelihood of future risk, assists in reducing application processing time and decreasing the number of manual application reviews, and increases the overall number of approvals.

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